Box Stock Slides After IPO Lock-Up Expiration

By | July 23, 2015

Scalper1 News

Shares in online file storage company Box (BOX) fell for the second straight day following the expiration of its IPO lock-up period. Los Altos, Calif.-based Box’s stock was down more than 1% in late-afternoon trading in the stock market today. Earlier, Box stock fell as much as 2.9% and touched a record low of 16.15. Shares fell 2.5% on Wednesday. Box’s January IPO raised $175 million, selling 12.5 million shares at 14. Lock-up periods prevent Scalper1 News

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